Should You Buy Oracle After its Post-Earnings Dip?
Oracle (NYSE: ORCL) shares slid 8% on Sep. 15 after the tech giant reported its first quarter earnings. That sell-off was surprising; Oracle soundly beat analyst estimates on both the top and bottom lines. Let's take a closer look at Oracle's quarter to see if the stock is a worthy buy after its post-earnings dip.
Oracle's revenue rose 7% annually to $9.21 billion during the quarter, beating expectations by $180 million and marking its fifth straight quarter of positive sales growth. Much of that growth was attributed to the strength of its cloud businesses.
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Source: Fool.com
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